Credit Card Processing for Property Managers and Property Management Companies
Meet the Author
Tom Coughlin, PhD is the owner and founder of The Merchant Way. He’s an engineer by training raised in the garden state, New Jersey. With his uncles owning businesses in Long Island, he grew up hearing the challenges small business owners face over family holiday dinners and barbecues.
In 2019, he learned that some credit card processors don’t do things right. They charge businesses high fees and crazy bogus line items. Tom set out to do things different and give better service with more savings while being a company that could be counted on.
Property Manager Julia Maximizes Profits by Passing on the Fee at Checkout
Are you a property manager looking for a credit card processing solution? If so, you've come to the right place. In this blog post, we'll discuss some of the best options for credit card processing for property managers. We'll also provide some tips on how to choose the right processor for your business. So if you're ready to learn more about credit card processing for property managers, read on!
What it Means for her Business?
Julia Luncar is a manager at a property management company. She wanted to offer recurrent billing to her tenants and rental properties, but was only taking cash by checks. Julia saw one of our ads for virtual terminals and the ability to pass the credit card fee onto the customer for using credit card. With our Simple Virtual Terminals, we set her up with a virtual database to store customer data, send recurrent bills, all while stopping paying their credit card fee. At the end of the month, Julia's team generates an extra 4% in revenue by charging customers for using credit card to pay their recurrent monthly bill. Julia said, "We love it because we pass the fee onto the customer and save 4% every month. It is amazing for our business." Thanks to our Simple Virtual Terminals, Julia's property management company is able to offer recurrent billing to tenants while saving on credit card fees.
Choosing the Processing Equipment
At The Merchant Way, we are experts in product-market-fit. What does that mean? It means we listen to you and try to undersatnd your needs to give you the right equipment for your business.
For Julia’s team, The Swipe Virtual Terminal was the perfect solution for her, and works great for most real estate companies because it allows you to send invoices, do recurrent billing and reminders, all while storing customer data. With this system, businesses can easily keep track of customer information and process payments quickly and securely. Additionally, the virtual payments processing terminal makes it easy to send email invoices and reminders to customers, which is ideal for businesses with forgetful customers. Overall, the virtual payments processing terminal is a great option for businesses that need to process payments and store customer data efficiently.
A Customized Solution for Your Business
Different businesses have different needs, and we want to make sure that our payment processing services can meet those needs. That’s why we offer a variety of options for all types of businesses, from small mom-and-pop shops to larger corporations, such as property management groups. In addition to our standard payment processing services, we also offer stored customer data for recurrent billing and a unified payments experience for a convenient user interface. We want to make it as easy as possible for you to accept payments and keep your customers happy. What type of business are you? Let us know with the link below and we’ll be happy to provide more information about how The Merchant Way terminals can help you grow your business.